Dec 28, 2012 10:00pm PST
and senator mcconnell, i will urge reed to bring to the floor an up or down vote. >> reporter: that would preserve tax cuts for the middle class and extend unemployment benefits and lay the foundation for abrader deal to come. daniel nottingham. >> reporter: wall street not inpressed by the the events in washington. the nasdaq and dow jones closed down. >>> going over that fiscal cliff will certainly impact your finances in several ways, some bad and some surprising. a series of temporary tax cuts for businesses will expire along with other credits and deductions. your grocery costs could go up. federal long term jobless benefits would expire for millions, but the price of gasoline could go down because of declining demand. >>> another tax you will see go up is the estate tax. >> reporter: jeff page owns 120- acre vineyard in napa valley. but when his great grandfather came here, this was cattle country. >> before the turn of the century they came in and farmed orchard fruit and cattle. >> reporter: but much of the land he grew up on is gone. >> had land in the hills over there? >> yeah.